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Brad Gerstner Altimeter Capital Management

AUM $9.83B
1-Year Est. Return 24.98%
 

Brad Gerstner is the founder and CEO of Altimeter Capital, a technology-focused investment firm active in both public and private markets. A former internet entrepreneur and airline executive, he brings an operator’s lens to high-growth software, internet, and semiconductor businesses. Gerstner is frequently cited for concentrated bets on large-cap technology platforms and for outspoken commentary on AI infrastructure and capital allocation in the sector.

This Fund
S&P 500
This Quarter Est. Return
+7.17%
1 Year Est. Return
+24.98%
3 Year Est. Return
+186.54%
5 Year Est. Return
+145.07%
10 Year Est. Return
+1,056.52%
AUM
$2.92B
AUM Growth
+$177M
Cap. Flow
+$22.7M
Cap. Flow %
0.78%
Top 10 Hldgs %
95.26%
Holding
30
New
4
Increased
9
Reduced
7
Closed
4

Top Buys

Rank Stock Value
1
NTNX icon
Nutanix
NTNX
+$82.3M
2
EXPE icon
Expedia Group
EXPE
+$57.5M
3
META icon
Meta Platforms (Facebook)
META
+$29.5M
4
MSFT icon
Microsoft
MSFT
+$15.3M
5
SAVE
Spirit Airlines, Inc.
SAVE
+$12.9M

Top Sells

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$41.6M
2
BKNG icon
Booking.com
BKNG
+$30.3M
3
DATA
Tableau Software, Inc.
DATA
+$27.6M
4
YELP icon
Yelp
YELP
+$24.7M
5
NVDA icon
NVIDIA
NVDA
+$21.4M

Sector Composition

Rank Sector Weight
1 Industrials 32.39%
2 Consumer Discretionary 23.42%
3 Technology 22.31%
4 Communication Services 21.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UAL icon
1
United Airlines
UAL
$40.7B
$928M 31.77%
11,629,283
– –
META icon
2
Meta Platforms (Facebook)
META
$1.5T
$592M 20.28%
3,553,400
+185,400
+6% +$29.5M
DATA
3
DELISTED
Tableau Software, Inc.
DATA
$416M 14.24%
3,266,460
-218,203
-6% -$27.6M
EXPE icon
4
Expedia Group
EXPE
$39.9B
$341M 11.69%
2,868,693
+473,668
+20% +$57.5M
BKNG icon
5
Booking.com
BKNG
$159B
$238M 8.15%
3,410,050
-425,000
-11% -$30.3M
NTNX icon
6
Nutanix
NTNX
$18B
$79.3M 2.71%
2,100,000
+1,800,000
+600% +$82.3M
PDD icon
7
Pinduoduo
PDD
$121B
$61.7M 2.11%
2,486,288
– –
MSFT icon
8
Microsoft
MSFT
$3.68T
$59M 2.02%
500,000
+140,000
+39% +$15.3M
CRM icon
9
Salesforce
CRM
$161B
$42M 1.44%
265,000
– –
BABA icon
10
Alibaba
BABA
$297B
$24.9M 0.85%
136,350
+12,000
+10% +$2.02M
TRVG
11
trivago
TRVG
$360M
$22.4M 0.77%
1,035,486
+203,975
+25% +$5.59M
MDB icon
12
MongoDB
MDB
$37B
$20.6M 0.7%
140,000
-109,484
-44% -$11.2M
OKTA icon
13
Okta
OKTA
$25.6B
$16.5M 0.57%
200,000
– –
AMZN icon
14
Amazon
AMZN
$2.83T
$14.2M 0.49%
160,000
-500,000
-76% -$41.6M
SAVE
15
DELISTED
Spirit Airlines, Inc.
SAVE
$11.9M 0.41%
+225,000
New +$12.9M
YELP icon
16
Yelp
YELP
$1.34B
$10.3M 0.35%
300,000
-684,300
-70% -$24.7M
DBX icon
17
Dropbox
DBX
$7.48B
$9.81M 0.34%
450,000
-200,000
-31% -$4.66M
ESTC icon
18
Elastic
ESTC
$9.01B
$7.99M 0.27%
100,000
+25,000
+33% +$2.09M
EXPE icon
19
CALL
Expedia Group
EXPE
$39.9B
$6.24M 0.21%
9,310
-2,050
-18% -$249K
NCLH icon
20
Norwegian Cruise Line
NCLH
$8.73B
$3.85M 0.13%
+70,000
New +$3.61M
ALGT icon
21
Allegiant Air
ALGT
$2.34B
$2.59M 0.09%
20,000
– –
SKYW icon
22
Skywest
SKYW
$4.18B
$1.9M 0.07%
35,000
+12,000
+52% +$616K
RJET
23
Republic Airways Holdings
RJET
$952M
$1.67M 0.06%
13,333
+920
+7% +$123K
UAL icon
24
CALL
United Airlines
UAL
$40.7B
$1.53M 0.05%
+5,450
New +$460K
LYFT icon
25
Lyft
LYFT
$6.62B
$783K 0.03%
+10,000
New +$783K
1
2

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Brad Gerstner's Q1 2019 Portfolio in Review

As of Q1 2019, Brad Gerstner held 30 positions worth $2.92B, up 6.5% from $2.74B the previous quarter. Its ten largest holdings account for 95% of the portfolio.

Brad Gerstner's Q1 2019 filing shows 4 new, 9 increased, 7 reduced and 4 closed positions. Its largest new stake was Spirit Airlines, Inc.: 225,000 shares worth $11.9M. The largest sale was Amazon, an estimated $41.6M.

By sector, the portfolio is most concentrated in Industrials at 32% of assets, down from 36% a quarter earlier, followed by Consumer Discretionary and Technology.

  • Brad Gerstner's largest Q1 2019 buy was Spirit Airlines, Inc.: 225,000 shares worth $11.9M.
  • Brad Gerstner added most to Nutanix in Q1 2019, an estimated $82.3M increase.
  • Brad Gerstner's biggest Q1 2019 reduction was Amazon, cutting an estimated $41.6M.
  • Brad Gerstner fully exited NVIDIA in Q1 2019, selling an estimated $21.4M.
  • Brad Gerstner's ten largest holdings make up 95% of its $2.92B portfolio in Q1 2019.
  • Brad Gerstner opened 4 new positions and closed 4 in Q1 2019.
  • Brad Gerstner's portfolio value rose 6.5% quarter-over-quarter to $2.92B.

Based on Altimeter Capital Management's 13F filing for Q1 2019, filed 15 May 2019.